Hartnell officials: Bond debt fixes in works

Hartnell plans to refinance $632.5M in Measure H debt

1:17 AM,
Dec. 7, 2012

Written by

Roberto M. Robledo
rrobledo@thecalifornian.com

The staggering repayment amounts for a special type of bond issued by public school districts, including Hartnell Community College, have grabbed the attention of officials from Sacramento to Salinas.

While state legislators are being lobbied to consider reforms to tame the controversial use of capital appreciation bonds, Hartnell officials are working independently to try and lower the repayment burden for local taxpayers, the college president said Thursday.

"We're going to do everything we can to lessen that bond burden," said Willard C. Lewallen, superintendent-president of ...